The Ha Tinh Economic Zone Management Board in the central provincc of the same name has recently granted an investment registration certificate for a projected high-tech metallurgical plant.
To be located in the Phu Vinh Industrial Park within the Vung Ang Economic Zone, the projected is designed with a capacity of processing 100,000 tons of raw materials annually, with a total investment of more than VND781 billion (nearly $30 million).
The project's operational period extends until September 30, 2060.
The plant will focus on producing high-quality metals and alloys such as copper, nickel, and cobalt, as well as processing metal compounds including tungsten, molybdenum, and vanadium. During production, the plant will aim to recover precious metals like gold, silver, and platinum, along with by-products such as sulfuric acid, sodium sulfate, and calcium sulfate, enhancing the efficiency of raw material usage.
Within 36 months from the date of receiving the investment registration certificate, the investor will complete legal procedures, construct the factory, install technology lines, and commence operations.
In recent years, the Vung Ang Economic Zone has been identified as a growth hub for heavy industry in Vietnam's North Central region, associated with metallurgy, thermal power, and deep-water seaports. The addition of the high-tech metallurgical project is expected to gradually complete the local industrial value chain, promote deep processing, increase product value, and contribute to the industrial restructuring of the area.
Google translate